Poloniex Announces Support For Ethereum Forks, Users Will Receive New Tokens ...
Ethereum, the second cryptocurrency by market cap, is about to enter a new era. In September, Ethereum will complete its transition from a Proof-of-Work (PoW) consensus to a Proof-of-Stake (PoS) consensus blockchain. This event will forever change the crypto industry and the Ethereum ecosystem. Leading crypto exchange Poloniex, the first trading venue to support Ethereum […]
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The support of Poloniex and overall optimism displayed by the Ethereum community spurred the growth of Classic chain, reaching a US$165 million market cap and surpassing the daily volume of Ethereum in a matter of hours. Following the announcement Poloniex on July 23, major digital currency exchanges including Kraken and Bitrex have added support for Ethereum Classic. Amidst the integration of Ethereum Classic support, Poloniex received both criticism and admiration from the Ethereum community, for going against the norm to support the Ethereum Classic project and its users. The support of....
This is quite an interesting statement, as BTC-E claims their users have transferred their own ETC funds to the Poloniex exchange. The world of cryptocurrency seems very divided when it comes to Ethereum and Ethereum Classic right now. Cryptocurrency exchange BTC-e went as far as calling Ethereum Classic a”scam,” as they have no plans to support it. However, various of their ETH users are eligible to receive ETH tokens for funds stored before the hard fork took place. Will the company pay that funds to the rightful owners, or will they keep the ETC to sell it and reap the profits? BTC-E....
With COVID-19 cases on the rise and the world’s top economies re-considering strict lockdown measures, cryptocurrency exchange Poloniex has taken an interest in SENSO — a token focused on bringing high-quality entertainment into the rapidly expanding VR space. Poloniex Lists SENSO The exchange has added support for Ethereum-based SENSO tokens on November 17, 2020, giving traders access to two new trading pairs: SENSO/BTC and SENSO/USDT. SENSO is the in-platform currency of Sensorium Galaxy — a social VR platform designed to enhance digital communication through compelling....
Ethereum co-founder Vitalik Buterin has summarized the implications of soft and hard forks amid growing tensions surrounding Bitcoin’s future. “...There is an essential difference between hard forks and soft forks: hard forks are opt-in, whereas soft forks allow users no “opting” at all,” he wrote earlier this week. The Bitcoin price was under downward pressure Friday as the community awaits Chinese regulatory announcements and indecisiveness over SegWit and Bitcoin Unlimited continues. After Unlimited succumbed to a bug earlier in the week, rhetoric between the opposing sides became even....
Data shows the Ethereum Proof-of-Work forks have sharply fallen down in the few days following the merge. Ethereum PoW Forks Have Fallen 66% In Just Five Days According to the latest weekly report from Arcane Research, the ETH PoW forks have performed very poorly against ETH since the merge. The much talked-about event transitioned Ethereum to a Proof-of-Stake consensus mechanism, essentially obfuscating the use of miners on the network. However, some communities that were in favor of the old PoW-based system decided to create forks as the merge came approaching. These new forks still rely....